Ad Valorem Taxes. Prior to delinquency, Tenant shall pay all taxes and assessments levied upon trade fixtures, alterations, additions, improvements, inventories and personal property located and/or installed on or in the Premises by, or on behalf of, Tenant; and if requested by Landlord, Tenant shall promptly deliver to Landlord copies of receipts for payment of all such taxes and assessments. To the extent any such taxes are not separately assessed or billed to Tenant, Tenant shall pay the amount thereof as invoiced by Landlord.
Ad Valorem Taxes. 13 17. SUBORDINATION ........................................................13 18.
Ad Valorem Taxes. (i) Purchaser acknowledges that, as of the year in which Closing takes place, the Townhome may not have been a separately described and assessed parcel of real estate and that, in such event, ad valorem taxes for the Townhome for the year in which Closing takes place will be assessed under a tax bill in the name of Seller which covers additional property. Should the Townhome not be a separately described and assessed parcel of real estate, Xxxxxxxxx agrees to pay Seller at Closing that portion of the tax for the year in which Closing takes place (based on the prior year if the tax bill for the year in which Closing takes place is not yet available) which shall be determined by equitably pro-rating such tax bill as of the date of Closing. Xxxxxx agrees to pay the entire tax bill before it becomes delinquent and, upon written request from Purchaser or any first mortgagee of the Townhome, to provide Purchaser or such mortgagee proof of payment. If the amount allocated to the parties is based upon an estimate and the actual bill varies from the estimate in an amount greater than One Hundred and 00/100 ($100.00) Dollars, the party who paid too great an amount shall have the right to adjust the prorated amount and within ten (10) days of receipt of notice the party who paid too little an amount shall pay any increased amount based on the actual tax bill to the other party.
(ii) If, in the year in which Closing takes place, the Townhome is a separately described and assessed parcel of real estate, then Seller agrees to pay Purchaser its pro rata share of the ad valorem taxes applicable to the Townhome as of the date of Closing and Purchaser shall pay the ad valorem taxes on the Townhome for the year of Closing prior to delinquency. If the amount allocated to Purchaser is based upon an estimate in an amount greater than One Hundred and No/100 ($100.00) Dollars and the actual bill varies from the estimate, the party who paid too great an amount shall have the right to adjust the prorated amount and within ten (10) days of receipt of notice, the party who paid too little shall pay any increased amount based on the actual tax bill to the other party.
Ad Valorem Taxes. All general real estate taxes, general and special assessments, parking surcharges, rent taxes, and other similar governmental charges levied against the Property for each calendar year.
Ad Valorem Taxes. The Company acknowledges that nothing in this Lease is to be construed as an agreement by the Issuer to grant an exemption from general ad valorem and property taxes for the property financed with the proceeds of the Series 2024 Bonds.
Ad Valorem Taxes. Developer allows its ad valorem taxes owed to the Town of Bartonville, Texas, to become delinquent and fails to timely and properly follow the legal procedures for protest and/or contest of such taxes and to cure such failure within thirty (30) days after written notice thereof from BCDC and/or Denton County Central Appraisal District is an Event of Default.
Ad Valorem Taxes. All real estate and personal property taxes attributable to the Property will be prorated at Closing. Seller shall be charged with all such taxes up to, but not including, the Closing Date. If the applicable tax rate and assessments for the Property have not been established for the year in which Closing occurs, the proration of real estate and/or personal property taxes, as the case may be, will be based upon the rate and assessments for the preceding year. All taxes imposed because of a change of use of the Property after Closing will be paid by Buyer. All taxes imposed as a result of or in connection with the sale of the Property will be paid by Buyer. Real property tax refunds and credits received after the Closing which are attributable to a fiscal tax year prior to the fiscal year of the Closing shall belong to Seller, and those which are attributable to the fiscal tax year in which the Closing occurs shall be prorated based upon the date of Closing.
Ad Valorem Taxes. Defined in Section 10.01.
Ad Valorem Taxes. Lessee shall pay before delinquent all taxes assessed against the personal property of the Lessee and all taxes attributable to any leasehold improvements made by Lessee.
Ad Valorem Taxes. Ad valorem, property and similar taxes and assessments with respect to the Equipment for the assessment year in which Closing occurs shall be prorated to the Closing Date, so that Seller shall be responsible for such taxes for the period prior to the Closing Date and Buyer shall be responsible for such taxes for the period on and after the Closing Date.
